40 Jolliet Avenue Ottawa, Ontario K1L 5H5

$1,200,000

FANTASTIC OPPORTUNITY! Great for owner operator. Half a block from Beechwood and walking distance to Domicile's condo building. Fantastic mixed-use investment opportunity featuring a well-established convenience store with a residential apartment above. Ground floor 2000 sqft retail store rented for $4500 per month (2 + 5 years lease to go). Large 4 bedroom apartment upstairs rented for $2500 per month. Annual gross income of $84,000. The current expenses: Heat is $250, Water is $150, Insurance is $850. The net operating income is $ 71,700. The upstairs tenant pay their own hydro and hot water. The bright, spacious retail space is fully operational and benefits from strong local traffic, excellent visibility, and a convenient location close to shopping, schools, amenities, and public transit. Multiple income streams and long-term growth potential make this an ideal opportunity for investors or owner-operators. A turnkey property in a high-demand location with plenty of upside. Land assembly is also possible. Possibility of redevelopment converted into a large multi unit building with the sale of 40 & 46 Jolliet combined. Area is 3,982.64 ft (0.091 ac). Redevelopment options subject to city of Ottawa approvals and zoning bylaws. (id:43934)

Property Details

MLS® Number	X13448184
Property Type	Retail
Community Name	3402 - Vanier
Parking Space Total	7

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	4,000 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	100 Ft
Size Frontage	40 Ft
Size Irregular	40 X 100 Ft
Size Total Text	40 X 100 Ft
Zoning Description	R4e, R4e-c

https://www.realtor.ca/real-estate/29907164/40-jolliet-avenue-ottawa-3402-vanier